Pacer Industrials and Logistics ETF
|
||||||||
Schedule of Investments
|
||||||||
July 31, 2022 (Unaudited)
|
||||||||
Shares
|
Value
|
|||||||
COMMON STOCKS - 97.6%
|
||||||||
Auto Parts & Equipment - 1.3%
|
||||||||
Toyota Industries Corp.
|
210
|
$
|
12,649
|
|||||
Commercial Services - 2.0%
|
||||||||
China Merchants Port Holdings Co Ltd.
|
2,572
|
4,148
|
||||||
COSCO SHIPPING Ports Ltd.
|
2,136
|
1,595
|
||||||
FTI Consulting, Inc. (a)
|
22
|
3,598
|
||||||
GXO Logistics, Inc. (a)
|
76
|
3,648
|
||||||
Hutchison Port Holdings Trust
|
5,614
|
1,319
|
||||||
ICF International, Inc.
|
12
|
1,132
|
||||||
International Container Terminal Services, Inc.
|
1,314
|
4,629
|
||||||
20,069
|
||||||||
Computers - 0.4%
|
||||||||
AutoStore Holdings Ltd. (a)
|
2,210
|
4,078
|
||||||
Electronics - 0.8%
|
||||||||
Celestica, Inc. (a)
|
68
|
716
|
||||||
Flex Ltd. (a)
|
300
|
5,040
|
||||||
Sanmina Corp. (a)
|
40
|
1,842
|
||||||
7,598
|
||||||||
Machinery-Diversified - 4.2%
|
||||||||
ATS Automation Tooling Systems, Inc. (a)
|
60
|
1,899
|
||||||
Cognex Corp.
|
112
|
5,710
|
||||||
Daifuku Co. Ltd.
|
82
|
5,178
|
||||||
Kardex Holding AG
|
4
|
798
|
||||||
KION Group AG
|
84
|
3,798
|
||||||
Rockwell Automation, Inc.
|
74
|
18,891
|
||||||
Yaskawa Electric Corp.
|
172
|
5,952
|
||||||
42,226
|
||||||||
Metal Fabricate/Hardware - 0.1%
|
||||||||
Xometry, Inc. (a) - Class A
|
28
|
1,064
|
||||||
Software - 13.3%
|
||||||||
Aspen Technology, Inc. (a)
|
42
|
8,571
|
||||||
SAP SE
|
762
|
70,456
|
||||||
ServiceNow, Inc. (a)
|
124
|
55,386
|
||||||
134,413
|
||||||||
Storage/Warehousing - 0.2%
|
||||||||
The Sumitomo Warehouse Co Ltd
|
52
|
815
|
||||||
Westshore Terminals Investment Corp.
|
40
|
1,059
|
||||||
1,874
|
||||||||
Transportation - 75.5% (e )
|
||||||||
Air Transport Services Group, Inc. (a)
|
48
|
1,504
|
||||||
AP Moller - Maersk A/S - Class B
|
6
|
16,262
|
||||||
ArcBest Corp.
|
16
|
1,418
|
||||||
Atlas Air Worldwide Holdings, Inc. (a)
|
18
|
1,363
|
||||||
Atlas Corp.
|
160
|
1,869
|
||||||
bpost SA
|
128
|
797
|
||||||
Canadian National Railway Co.
|
428
|
54,189
|
||||||
Canadian Pacific Railway Ltd.
|
600
|
47,280
|
||||||
Cargojet, Inc. - Class B
|
12
|
1,390
|
||||||
Cargotec Oyj
|
36
|
1,264
|
||||||
CH Robinson Worldwide, Inc.
|
82
|
9,077
|
||||||
Cia de Distribucion Integral Logista Holdings SA
|
86
|
1,766
|
||||||
Clarkson Plc
|
20
|
836
|
||||||
COSCO SHIPPING Holdings Co Ltd.
|
2,162
|
3,233
|
||||||
Costamare, Inc.
|
80
|
938
|
||||||
CryoPort, Inc. (a)
|
32
|
1,190
|
||||||
CSX Corp.
|
1,348
|
43,581
|
||||||
D/S Norden A/S
|
24
|
1,040
|
||||||
Danaos Corp.
|
14
|
1,024
|
||||||
Deutsche Post AG
|
798
|
31,652
|
||||||
Dfds A/S
|
38
|
1,352
|
||||||
DSV A/S
|
150
|
25,062
|
||||||
Expeditors International of Washington, Inc.
|
108
|
11,475
|
||||||
FedEx Corp.
|
168
|
39,159
|
||||||
Forward Air Corp.
|
18
|
1,889
|
||||||
Full Truck Alliance Co Ltd. (a) - ADR
|
642
|
5,451
|
||||||
Golden Ocean Group Ltd.
|
130
|
1,420
|
||||||
Hapag-Lloyd AG
|
110
|
37,574
|
||||||
Heartland Express, Inc.
|
50
|
794
|
||||||
Hitachi Transport System Ltd.
|
54
|
3,495
|
||||||
Hub Group, Inc. (a) - Class A
|
22
|
1,681
|
||||||
JB Hunt Trasport Services, Inc.
|
68
|
12,462
|
||||||
JD Logistics, Inc. (a)
|
4,082
|
8,299
|
||||||
Kamigumi Co Ltd.
|
82
|
1,657
|
||||||
Kawasaki Kisen Kaisha Ltd.
|
60
|
4,386
|
||||||
Kerry Logistics Network Ltd.
|
1,164
|
2,340
|
||||||
Kintetsu World Express, Inc.
|
46
|
1,435
|
||||||
Kirby Corp. (a)
|
38
|
2,411
|
||||||
Knight-Swift Transportation Holdings, Inc.
|
106
|
5,825
|
||||||
Kuehne + Nagel International AG
|
78
|
20,900
|
||||||
Landstar System, Inc.
|
24
|
3,758
|
||||||
Mainfreight Ltd.
|
64
|
3,090
|
||||||
Marten Transport Ltd.
|
52
|
1,121
|
||||||
Maruwa Unyu Kikan Co Ltd.
|
84
|
957
|
||||||
Matson, Inc.
|
26
|
2,383
|
||||||
Mitsubishi Logistics Corp.
|
56
|
1,490
|
||||||
Mitsui OSK Lines Ltd.
|
234
|
6,364
|
||||||
MPC Container Ships ASA
|
286
|
693
|
||||||
NIPPON EXPRESS HOLDINGS, Inc.
|
58
|
3,428
|
||||||
Nippon Yusen KK
|
110
|
8,560
|
||||||
Norfolk Southern Corp.
|
154
|
38,680
|
||||||
Old Dominion Freight Line, Inc.
|
74
|
22,460
|
||||||
Orient Overseas International Ltd.
|
426
|
14,815
|
||||||
Pacific Basin Shipping Ltd.
|
3,386
|
1,613
|
||||||
Royal Mail PLC
|
616
|
2,120
|
||||||
Ryder System, Inc.
|
32
|
2,506
|
||||||
Saia, Inc. (a)
|
18
|
4,281
|
||||||
Sankyu, Inc.
|
40
|
1,317
|
||||||
Schneider National, Inc. - Class B
|
62
|
1,570
|
||||||
Seino Holdings Co Ltd.
|
134
|
1,103
|
||||||
Senko Group Holdings Co Ltd.
|
102
|
701
|
||||||
SFL Corp Ltd.
|
90
|
897
|
||||||
SG Holdings Co. Ltd.
|
412
|
7,793
|
||||||
SITC International Holdings Co Ltd.
|
1,730
|
5,873
|
||||||
Star Bulk Carriers Corp.
|
66
|
1,718
|
||||||
TFI International, Inc.
|
60
|
5,989
|
||||||
Union Pacific Corp.
|
390
|
88,647
|
||||||
United Parcel Service, Inc. - Class B
|
461
|
89,844
|
||||||
Wallenius Wilhelmsen ASA
|
272
|
1,818
|
||||||
Werner Enterprises, Inc.
|
42
|
1,846
|
||||||
XPO Logistics, Inc. (a)
|
74
|
4,421
|
||||||
Yamato Holdings Co. Ltd.
|
250
|
4,342
|
||||||
ZIM Integrated Shipping Services Ltd.
|
78
|
3,886
|
||||||
ZTO Express Cayman, Inc.
|
418
|
10,724
|
||||||
761,548
|
||||||||
TOTAL COMMON STOCKS (Cost $969,512)
|
985,519
|
|||||||
EXCHANGE TRADED FUNDS - 2.3%
|
||||||||
iShares MSCI Brazil ETF
|
190
|
5,514
|
||||||
iShares MSCI Indonesia ETF
|
102
|
2,357
|
||||||
iShares MSCI South Korea ETF
|
228
|
13,806
|
||||||
iShares MSCI Thailand ETF
|
20
|
1,372
|
||||||
TOTAL EXCHANGE TRADED FUNDS (Cost $25,149)
|
23,049
|
|||||||
Principal Amount
|
||||||||
SHORT-TERM INVESTMENTS - 0.1%
|
||||||||
Money Market Deposit Accounts - 0.1%
|
||||||||
U.S. Bank Money Market Deposit Account 1.600% (c)
|
$
|
1,002
|
$
|
1,002
|
||||
TOTAL SHORT-TERM INVESTMENTS (Cost $1,002)
|
1,002
|
|||||||
Total Investments (Cost $995,663) - 100.0%
|
1,009,570
|
|||||||
Liabilities in Excess of Other Assets - 0.0% (d)
|
(252
|
)
|
||||||
TOTAL NET ASSETS - 100.0%
|
$
|
1,009,318
|
Percentages are stated as a percent of net assets.
|
||||
ADR
|
American Depositary Receipt
|
|||
(a)
|
Non-income producing security.
|
|||
(b)
|
Security exempt from registration under Rule 144(a) and Regulation S of the Securities Act of 1933. Such securities are treated as
liquid securities according to the Fund's liquidity guidelines. The value of those securities total $49,951 or 4.9% of net assets.
|
|||
(c)
|
The rate shown is as of July 31, 2022.
|
|||
(d)
|
Less than 0.05%.
|
|||
(e)
|
To the extent that the Fund invests more heavily in particular industry groups of
the economy, its performance will be especially sensitive to developments that
significantly affect those industry groups or strategies
|
|||
For Fund compliance purposes, the Fund's industry classifications refer to any one or more of the industry sub-classifications used by
one or more widely recognized market indexes or ratings group indexes, and/or they may be defined by Fund management. This definition does not apply for all purposes of this report, which may combine sub-classifications for reporting ease.
|
Summary of Fair Value Disclosure at July 31, 2022 (Unaudited)
|
||||||
The following is a summary of significant accounting policies consistently followed by the Funds in the preparation of the financial
statements. The financial statements have been prepared in conformity with accounting principals generally accepted in the United States of America (“GAAP”). The Funds are investment companies that follow the accounting and reporting
guidelines of Accounting Standards Codification Topic 946 applicable to investment companies.
|
Any securities for which there are no readily available market quotations and other assets will be valued at their fair value as
determined in good faith by the Fair Value Pricing Committee using the Fair Value Procedures approved by the Board of Trustees (the “Board”).
|
|||
As described above, the Funds utilize various methods to measure the fair value of their investments on a recurring basis. GAAP
establishes a hierarchy that prioritizes inputs to valuations methods. The three levels of inputs are:
|
|||
Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities that the Funds have the ability to access.
|
|||
Level 2 – Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either
directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.
|
|||
Level 3 – Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available; representing
the Funds’ own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available.
|
|||
The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including,
for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or
inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level
3.
|
|||
The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure
purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety, is determined based on the lowest level input that is significant to the fair value measurement in its entirety.
|
|||
The following is a summary of the inputs used to value the Fund's investments as of July 31, 2022:
|
Description^
|
Level 1
|
Level 2
|
Level 3
|
Investments
Measured at Net
Asset Value
|
Total
|
Common Stocks
|
$ 985,519
|
$ -
|
$ -
|
$ -
|
$ 985,519
|
Exchange Traded Funds
|
23,049
|
-
|
-
|
-
|
23,049
|
Short-Term Investments
|
1,002
|
-
|
-
|
-
|
1,002
|
Total Investments in Securities
|
$ 1,009,570
|
$ -
|
$ -
|
$ -
|
$ 1,009,570
|
^ See the Schedules of Investments for industry breakouts.
|